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Can a director be struck off for misusing the Bounce Back Loan
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Can I be struck off as a director if I spent my bounce back loan incorrectly?
The short answer is: YES you can.
If you go into liquidation, the liquidator will investigate how you used the Bounce Back Loan funds. If you've used them inappropriately, they will pursue you for it. They'll also report it to the Insolvency Service to see if further action should be taken - that includes Disqualification.
#shorts #liquidation #insolvency
The short answer is: YES you can.
If you go into liquidation, the liquidator will investigate how you used the Bounce Back Loan funds. If you've used them inappropriately, they will pursue you for it. They'll also report it to the Insolvency Service to see if further action should be taken - that includes Disqualification.
#shorts #liquidation #insolvency
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